Category Archives: Inequality

The Unraveling Quickens

By Charles Hugh Smith Source: Of Two Minds Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways. The central thesis of my new book … Continue reading

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The Key to a Sustainable Economy Is 5,000 Years Old

By Ellen Brown Source: Truthdig We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, … Continue reading

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Is the U.S. Becoming a Third World Nation?

By Charles Hugh Smith Source: Of Two Minds This is a chart of an informal kleptocracy which cloaks itself in the faux finery of democracy and a (rigged) “market” economy. Back in the day, nations that didn’t qualify as either … Continue reading

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The Future of the Spectacle

…or How the West Learned to Stop Worrying and Love the Reality Police By CJ Hopkins Source: Off-Guardian If you want a vision of the future, don’t imagine “a boot stamping on a human face — for ever,” as Orwell … Continue reading

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Billionaires are a Sign of Economic Failure

Inherited wealth and crony capitalism have created an aristocratic class that undermines social mobility and democracy By Max Lawson Source: Inequality.org The New York Times published an editorial comment on its front page in January 2019, provocatively entitled “abolish billionaires.” The … Continue reading

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Wealth Identity Politics: Billionaires Acting Like A Persecuted Minority Is Peak Capitalism

By Caitlin Johnstone Source: CaitlinJohnstone.com “I guess maybe Bernie Sanders shouldn’t exist,” said billionaire Steve Schwarzman while seated in a library building named after billionaire Steve Schwarzman and promoting a book with billionaire Steve Schwarzman’s face on it. According to Bloomberg … Continue reading

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Let us now stop praising famous men (and women)

By David V. Johnson Source: aeon.com After the Notre-Dame Cathedral in Paris nearly burned down in April, the French luxury-goods magnate François-Henri Pinault was celebrated for committing €100 million to reconstruct what he called ‘this jewel of our heritage’ and … Continue reading

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Offering Choice but Delivering Tyranny: The Corporate Capture of Agriculture

By Colin Todhunter Source: Off-Guardian Many lobbyists talk a lot about critics of genetic engineering technology denying choice to farmers. They say that farmers should have access to a range of tools and technologies to maximise choice and options. At … Continue reading

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